Shares of Amazon.com Inc. fell 1% in after-hours trade Thursday following the company's second-quarter earnings report. The e-commerce and cloud giant reported net income of $857 million, or $1.78 a share, compared with $92 million, or 19 cents, in the year-earlier period. Analysts polled by FactSet were calling for earnings of $1.11. Revenue for the three-month period ended in June was $30.4 billion, up from $28.1 billion last year, and ahead of the consensus estimate of $29.5 billion. Amazon forecast revenue for the current quarter between $31 billion and $33.5 billion, which would mark an increase from $25.3 billion last year. Analysts expect Amazon to report revenue of $31.6 billion this quarter. The company issued a wide range for its operating income for the third quarter, to between $50 million and $650 million, compared with $406 million last year.

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